US Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the governments debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180bn (£138bn) in damage. Harvey, which came ashore on 25 August as the most powerful hurricane to hit…
The US Treasury secretary called on Congress to lift the ceiling on Americas public debt at the same time as it passes an aid package for the victims of tropical storm Harvey, warning that a failure to act would hold up funding for the relief effort. Steven Mnuchin said a move on the debt ceiling…
The Trump administration is hoping to avert a risky congressional standoff over raising the debt limit by tying the measure to what they hope will be a popular bill providing billions in emergency funding for Hurricane Harvey relief. The president and I believe that it [raising the debt ceiling] should be tied to the Harvey…
Treasury Secretary Steven Mnuchin said Congress should combine an initial package of relief for victims of Harvey with a boost in the nations debt limit, saying lawmakers need to put politics aside to ensure that those trying to recover from the storm get the help they need. The president and I believe that it should…
SALT LAKE CITY Governor Gary Herbert is throwing the Utah Republican Party a fundraiser bash in an effort to help dig it out of debt. The Sept. 7 event, titled Back in Black, is also being hosted by Utahs congressional delegation. The $100 a plate dinner is taking place at The Falls Event Center. The…
Marriage is a partnership, and those vows do say “for richer, for poorer”which means if your partner has debt, it is now your business. But navigating debt isnt quite so simple. Some debt is good, other debt is bad, and some debt can come after you, even if your partners name is on the account.…
Follow @bpolitics for all the latest news, and sign up for our daily Balance of Power newsletter. President Donald Trump is considering attaching an increase in the U.S. debt limit to an initial $5.95 billion disaster aid funding request for Hurricane Harvey, two administration officials said, a move aimed at lowering the risk of an…
(Adds details on funding request, background, adds quote from head of Senate appropriations panel) WASHINGTON, Sept 1 (Reuters) – U.S. President Donald Trump has asked Congress for an initial $7.85 billion for Hurricane Harvey recovery efforts, the White House budget director said on Friday, adding that failure to raise the budget ceiling may hinder disaster…
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Sept. 1, 2017 5:30 a.m. ET WASHINGTONWidespread support on Capitol Hill for Hurricane Harvey relief aid could help ease passage of high-stakes fiscal legislation that Congress must approve in September, lawmakers and analysts say. As Texas and Louisiana began to regroup after the storms record rainfalls, both Democrats and Republicans said they hoped to pass…